Olympic Steel Inc expected to post earnings of 31 cents a share - Earnings Preview

Olympic Steel

29/10/2024 21:08

* Olympic Steel Inc  ZEUS.OQ   ZEUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on October 31 for
the period ending January 1 0001
    * The Bedford Heights Ohio-based  company is expected to
report a
5.7% decrease in revenue to $496.3 million from $526.41 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Olympic Steel Inc is for
earnings of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Olympic
Steel Inc
is 50.50​, above​ its last closing price of $38.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.54        0.55       0.66      Beat    20.7
 Mar. 31 2024  0.74        0.72       0.75      Beat    4.2
 Jan. 1 0001               0.30       0.64      Beat    115.7​
 Jan. 1 0001   0.85                   0.81              -4.7
 ​​Jan.        1.21                   1.30              6.6
 1 0001                                                 
 Mar. 31 2023  0.69        0.71       0.85      Beat    19.7​
 Jan. 1 0001   0.22        0.21       0.34      Beat    59.4
 Jan. 1 0001   0.92        0.93       1.04      Beat    11.8
 This summary was machine generated October 29 at 21:08 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)